4-531 Highway
Bonfield, Ontario
Other
Exceptional opportunity to own a well-established, turnkey business situated on approximately 3.5 acres of well-maintained, usable land in a high-traffic Northern Ontario location. This long-time family-operated property currently features seven motel rooms (one converted into a bakery, easily reverted), each equipped with two queen beds, mini-fridge, microwave, coffee maker, air conditioning, and private washroom. The main building includes a restaurant with two commercial kitchens, a full apartment above, and a partially finished basement offering additional storage or recreational space. Outdoor highlights include ample parking, two pickup windows, an ice cream station, and both indoor and outdoor seasonal seating areas. Surrounded by lakes, snowmobile, ATV, and hiking trails, this property draws year-round visitors and offers excellent potential for expansion or diversified business use. A rare chance to invest, live, and work in the heart of beautiful Northern Ontario. There is an extra 2.5 Acres abutting the property available on purchase.
Price History
Schools
Elementary
- École séparée Lorrain3.7 km
French Catholic · CSDC Franco-Nord
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board.
Community
Postal area P0H
- Population
- 31,909
- Private dwellings
- 17,044
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $80,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Bonfield · last 12 months
- Median sold price
- $410,000
- Homes sold
- 45
- Median days on market
- 25
- Sale-to-list price
- 95.7%
Based on 45 recorded sales of other properties in Bonfield over the last 12 months.
Location
Mortgage Calculator
$187,940
Estimated Monthly Payment
$4,616
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,616/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $235/mo
Estimates only. Consult a financial advisor.
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